Changing the Climate to Add Value

The theme of this Annual Conference of The Australasian Institute of Mining and Metallurgy is in the form of a question: `Adding Value to our Resources - Our Future?' There are two ways of looking at this question. The first is to assume that any mineral or energy resource is worthless until it is identified, recovered and put on the market. In this sense all our current operations, be they open cut coal mines or aluminium smelters, are engaged in adding value. The question then becomes: what is the future of the minerals and energy resource industries with which we are familiar - will they grow or contract? The second way is to emphasis the value-adding aspect. The question is now one of whether or not our future depends on adding further value to resources we are currently selling.